PayPal Holdings took a beating after topping at the end of 2021. Here's a bearish trade on PayPal stock that profits if PYPL drops, goes sideways or even trades a little higher. A bear call spread involves selling an out-of-the-money call and buying a further out-of-the-money call. Read More...
Barrons.com
Berkshire Now Holds 20% of Occidental Petroleum
Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 million in fresh purchases of the energy company in recent days, according to a filing late Monday. With a 20.2% stake, Berkshire Hathaway (ticker: BRK/A, BRK/B) should be able to include a proportionate amount of the earnings of Occidental Petroleum (OXY) in its financial results, lifting annual earnings by about $2 billion off a current base of more than $30 billion. Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year and Berkshire now holds 188.4 million shares in the domestic-focused oil and gas producer, whose earnings have surged this year with oil and gas prices.
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